Investors Are Shaken But Nobody's Packing

Last summer, John J. Goossens thought he had the deal of a lifetime: the first contract to supply digital phone switches to the Soviet Union. But no sooner was the ink dry than souring relations between the central authorities and local governments sent Goossens, CEO of Belgium's Alcatel Bell, back to the Soviet Union to get financial guarantees. On his latest trip, Goossens had no hint of any unrest--until he returned home on Jan. 12, the eve of the bloody crackdown in Lithuania.

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